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13 Mar 2015
Treasuries yield around 3.0% by year-end – RBS
FXStreet (Edinburgh) - Technical Analyst at RBS Dmytro Bondar believes yields could reach 3.0% towards year-end.
Key Quotes
“The market has broken the trendline, implying yield downside is limited from here: it is deemed unlikely that the yield would re-visit the area below 2.00% and hence any pull-backs towards the trendline we see as selling opportunities for 2.30% and 2.52%”.
“Our long-term view is the same: 1.61/1.78% yield was considered to be a base and 3.00% targeted for the end of 2015”.
“Price-wise 127-19+ is a key resistance, where we see a selling area, looking for a pull-back to 124-30. Stop is a break above 128-05”.
Key Quotes
“The market has broken the trendline, implying yield downside is limited from here: it is deemed unlikely that the yield would re-visit the area below 2.00% and hence any pull-backs towards the trendline we see as selling opportunities for 2.30% and 2.52%”.
“Our long-term view is the same: 1.61/1.78% yield was considered to be a base and 3.00% targeted for the end of 2015”.
“Price-wise 127-19+ is a key resistance, where we see a selling area, looking for a pull-back to 124-30. Stop is a break above 128-05”.